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Reminder for others: paste jwz.org urls into the address bar instead of clicking on the link. If you come in with an HN referer you get scrotum.
US Administration announces 34% tariffs on China, 20% on EU
41–50 of 1001 posts
Re: US Administration announces 34% tariffs on China, 20% on EU
#42Trump really thinks America is in the 1950's. He thinks people want to work at factories doing manual labor. He doesn't understand that we DON'T want to work at factories. Americans like our plush corporate office jobs building intellectual property. We aren't oxen doing physical labor. And we designed it that way. We pay thousands of dollars to each citizen in our public schools to teach them calculus, literature, w…
Yes. Outsource the manufacturing. We have important intellectual work to do like optimizing ad sales.
Re: US Administration announces 34% tariffs on China, 20% on EU
#43[flagged]
Do you have some required reading to share here? As I remember it, the body of knowledge on economy is that tarriffs are good for collecting revenue, but bad for economic growth.
What is the phase called? What is this amputation and what spreading is it stopping?
Re: US Administration announces 34% tariffs on China, 20% on EU
#44Would be good to know -
Who are the people coming up with these specific rates?
How are they modeling this system?
Re: US Administration announces 34% tariffs on China, 20% on EU
#45[flagged]
Re: US Administration announces 34% tariffs on China, 20% on EU
#46As someone interested in "curious discussion", what are some of the positives we can take away from this? Is this a new standard for economic policy?
Re: US Administration announces 34% tariffs on China, 20% on EU
#47Trump is going for a 1-2 punch. First tariffs and then tax cuts to soften the blow of price increases. It also puts republicans in a choke hold to force the tax cut legislation through, because the fallout of tariffs with no tax cuts would be a death knell for the party.
Maybe in a sim city game this would balance out, but it's a tall order for a real world scenario. Prepare for a bumpy road ahead.
Re: US Administration announces 34% tariffs on China, 20% on EU
#48Genuine questions: why are they calling it “reciprocal”? Is the US just matching the tariffs set by the other countries? Also, this announcement has wiped out any plans of buying tech products this year, plus a holiday to the US and Canada later in the year. Good thing too, as the entire globe is probably staring down the barrel of a recession.
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Re: US Administration announces 34% tariffs on China, 20% on EU
#49Current EU tariffs on US goods... Product Category Tariff Rate ----------------------------- -------------- Dairy Products (e.g., cheese, butter) Up to 50% Processed Foods (e.g., chocolate, confectionery) 30-40% Alcoholic Beverages (e.g., whiskey, bourbon) 25% Steel and Aluminum Products 25% Automobiles 10% Industrial Goods 5-10%
Trump thinks VAT is comparable to a tariff. VATs are not directly comparable to tariffs.
Re: US Administration announces 34% tariffs on China, 20% on EU
#50I don’t buy the blanket statement that the consumer always pays the tariff. It depends on what alternative companies have. If a company can purchase the same clothing from Chinese, Vietnamese, or Mexican vendors, a tax on China only could make the Chinese vendors lower the price or risk losing the business.
However, a blanket tax on every country, regardless of available alternatives, would leave businesses with fewer options and make it more likely that the cost is passed on to consumers.